Truvestments Capital LLC Buys New Position in MKS Instruments, Inc. (NASDAQ:MKSI)

Truvestments Capital LLC purchased a new position in MKS Instruments, Inc. (NASDAQ:MKSI) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,752 shares of the scientific and technical instruments company’s stock, valued at approximately $233,000.

Other hedge funds have also made changes to their positions in the company. Atlas Capital Advisors LLC bought a new stake in shares of MKS Instruments in the 1st quarter worth $25,000. Allspring Global Investments Holdings LLC bought a new stake in MKS Instruments in the first quarter worth about $25,000. Rise Advisors LLC acquired a new stake in MKS Instruments in the 1st quarter valued at about $26,000. Mendota Financial Group LLC acquired a new stake in MKS Instruments in the 4th quarter valued at about $27,000. Finally, GAMMA Investing LLC bought a new position in shares of MKS Instruments during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Insider Transactions at MKS Instruments

In other news, Director Elizabeth Mora sold 275 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $129.41, for a total value of $35,587.75. Following the sale, the director now directly owns 18,209 shares of the company’s stock, valued at $2,356,426.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is owned by corporate insiders.

MKS Instruments Stock Up 4.0 %

MKSI traded up $4.84 on Friday, reaching $124.57. 838,596 shares of the company traded hands, compared to its average volume of 886,729. The company has a market cap of $8.35 billion, a price-to-earnings ratio of -4.67, a PEG ratio of 1.23 and a beta of 1.65. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.69 and a quick ratio of 2.34. The stock’s 50 day moving average price is $131.99 and its 200-day moving average price is $124.05. MKS Instruments, Inc. has a 52-week low of $63.44 and a 52-week high of $147.40.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.75 by $0.43. The business had revenue of $868.00 million for the quarter, compared to analysts’ expectations of $848.94 million. MKS Instruments had a negative net margin of 48.24% and a positive return on equity of 13.90%. MKS Instruments’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. On average, sell-side analysts expect that MKS Instruments, Inc. will post 4.98 EPS for the current fiscal year.

MKS Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, May 24th. MKS Instruments’s dividend payout ratio is -3.30%.

Wall Street Analysts Forecast Growth

MKSI has been the topic of a number of research reports. Bank of America assumed coverage on shares of MKS Instruments in a report on Wednesday, July 10th. They issued a “buy” rating and a $160.00 target price on the stock. Wells Fargo & Company increased their price objective on MKS Instruments from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. TD Cowen lifted their target price on MKS Instruments from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. KeyCorp upped their target price on MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Finally, Benchmark reiterated a “buy” rating and issued a $142.00 price target on shares of MKS Instruments in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.86.

MKS Instruments Profile

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.